Rachel Reeves will be hoping this Budget buys her some time

Chancellor Rachel Reeves is set to announce a budget aimed at addressing the UK's cost of living crisis, a pivotal moment for the Labour government led by Keir Starmer. The budget, scheduled for November 26, is expected to include significant tax increases to cover a £20 billion spending gap and to stabilize the economy amidst lower growth forecasts.

The Labour government is set to unveil a new North Sea Strategy during the upcoming Budget speech, which includes plans to relax drilling restrictions in the North Sea. This announcement is expected to be made by Chancellor Rachel Reeves, highlighting a significant shift in energy policy.

English actor Jack Shepherd, best known for his portrayal of TV detective Charles Wycliffe and fictional Labour MP Bill Brand, has passed away at the age of 85. His contributions to television and film have left a lasting impact on the industry and his fans.

Chancellor Rachel Reeves announced a 4.1% increase in the national minimum wage, raising it from £12.21 to £12.71 per hour for workers over 21, effective from April. This change is expected to benefit approximately 2.4 million low-paid workers, increasing their annual earnings by around £900.

Chancellor Rachel Reeves is preparing for a significant budget announcement scheduled for November 26, amid skepticism regarding her proposed tax increases and spending cuts. This budget is viewed as a crucial moment for her leadership and the Labour Party's fiscal strategy.

Chancellor Rachel Reeves plans to reduce the annual cash ISA limit from £20,000 to £12,000, a move that has raised concerns among finance leaders about potential increases in mortgage rates and a decline in consumer savings. This decision is expected to be announced in the upcoming budget.

Enver Solomon, the chief executive of the Refugee Council, faces a tumultuous week following Labour's announcement of new asylum policies, which include revoking refugee status if their home country is deemed safe and extending the path to citizenship to 20 years. These measures have sparked significant concern among refugee advocates and the public alike.

Chancellor Rachel Reeves is expected to announce a £550 increase for 13 million pensioners in her upcoming budget, which is anticipated to be above the current inflation rate. This announcement is part of a broader strategy to address the financial challenges faced by older citizens in the UK.